New Delhi, Jan 29 (PTI) Morgan Stanley today sold 1.47 per cent stake in Piramal Group’s flagship firm Piramal Enterprises for over Rs 710 crore, through an open market transaction. Also Read - Stock Market News Today, 16 February 2021: Sensex Opens at New High, Nifty Tops 15,000; ONGC, Kotak Bank Among Big Gainers
According to the bulk deal data available with the BSE, Morgan Stanley Asia (Singapore) Pte disposed of 25.34 lakh shares, amounting to 1.47 per cent stake in the firm. Also Read - Sensex Hits Lifetime High With Over 600 Pts in Early Trade, Nifty Rallies Above 15,100
The shares were offloaded at a price of Rs 2,804 apiece, valuing the transaction at Rs 710.51 crore. Also Read - IRFC IPO Allotment Today: Check Where, When And How to Check Your Application Status
The shares were bought by East Bridge Capital Master Fund 1 Ltd.
Piramal Enterprises’ stock settled for the day on BSE at Rs 2,800.80, up 0.88 per cent from the previous close.
This is published unedited from the PTI feed.